In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and postal economics. Experiences such as forecasting postal volumes and revenues, being involved in utility regulation, and teaching corporate finance have shaped his analysis.

Thursday, March 31, 2016

Why is Trump Triumphing In His Demographics Sweet Spot? Look at the Data

Two Federal Reserve Bank of St. Louis Economists, Michael McCracken and Joseph McGillicuddy, provide this graph. It shows the change in employment since the recession trough in June, 2009:

Bottom line: There are even fewer jobs for those without a college degree now than at the bottom of the recession. Guess who is bearing the brunt of the weakest economic recovery in a century?

With income inequality on everyone's mind these days, might a key cause be the administration's economic policies that are eviscerating the working class combined with the cultural elites' war on the family? Or is that heresy?